The new loans represented not a bailout for Greece but a cynical transfer of losses from the books of the private banks to the weak shoulders of the weakest of Greek citizens.
The Eurozone’s economic policies failure is only one side of the coin. The most serious outcome is the disregard of the democratic principles which the postwar European project – and German social partnership - sought to enshrine.
Today it should be the moment to think in terms of natural gas, the fuel with almost no exhaust, if compared with any other fuel, and therefore the best instrument to organise an orderly passage to the future energy systems.
Greece was the perfect opportunity to apply the rules of the European right, that is the balanced budget and the reduction of wages: Now we know the dismal results.
Federal Reserve policy is absolutely critical for attainment of full employment. Moreover, the Fed is actually legally mandated to pursue policies that promote maximum employment with price stability.
The rise of “independent contractors” is the most significant legal trend in the American workforce. We need a simpler test for determining who’s an employer and employee.
Alexis Tsipras is asking of the European and global rulers is six months of breathing space to prepare an alternative plan for debt management and economic recovery.
